{"id":398172,"date":"2020-12-11T08:03:38","date_gmt":"2020-12-11T13:03:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398172"},"modified":"2020-12-11T08:03:38","modified_gmt":"2020-12-11T13:03:38","slug":"sundial-receives-approval-for-nasdaq-listing-transfer-to-allow-for-additional-180-day-compliance-period","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sundial-receives-approval-for-nasdaq-listing-transfer-to-allow-for-additional-180-day-compliance-period\/","title":{"rendered":"Sundial Receives Approval for Nasdaq Listing Transfer to Allow for Additional 180-Day Compliance Period"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n CALGARY, AB<\/span>, Dec. 11, 2020<\/span> \/PRNewswire\/ –\u00a0Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) today announced that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market. The Company had sought the transfer to take advantage of the additional 180 calendar day compliance period offered on the Nasdaq Capital Market, which will extend the period that the Company has to regain compliance with Nasdaq’s minimum bid price requirement. The transfer is expected to become effective on December 15, 2020<\/span>. <\/p>\n

\n

\n
\n \"Sundial
\n <\/a>\n <\/p>\n<\/p><\/div>\n

As previously reported, the Company was notified by Nasdaq on May 12, 2020<\/span> that the bid price for its common shares was not in compliance with the Nasdaq minimum bid price requirement. At that time, the Company had until December 28, 2020<\/span> to regain compliance. The anticipated extension will allow the Company to regain compliance if for a minimum of 10 consecutive business days before June 26, 2021<\/span> the bid price for the Company’s common shares closes at or above US$1.00<\/span> per share.<\/p>\n

The Company intends to monitor the closing bid price of its common shares and has given written assurance to Nasdaq that it will, if necessary, implement available options to regain compliance with the minimum bid price requirement, including a reverse stock split. <\/p>\n

\n ABOUT SUNDIAL GROWERS INC.\u00a0<\/b>\n <\/p>\n

Sundial is a public company with Common Shares traded on Nasdaq under the symbol “SNDL”. <\/p>\n

Sundial is a licensed producer that crafts cannabis using state-of-the-art indoor facilities. Our ‘craft-at-scale’ modular growing approach, award-winning genetics and experienced master growers set us apart.\u00a0<\/p>\n

Our Canadian operations cultivate small-batch cannabis using an individualized “room” approach, with 448,000 square feet of total space.\u00a0\u00a0<\/p>\n

Sundial’s brand portfolio includes\u00a0Top\u00a0Leaf<\/i>, Sundial\u00a0Cannabis<\/i>, Palmetto<\/i> and Grasslands<\/i>. Our consumer-packaged goods experience\u00a0enables us to not just grow\u00a0quality cannabis, but also\u00a0to\u00a0create exceptional consumer and customer experiences.\u00a0\u00a0<\/p>\n

We are proudly Albertan, headquartered in Calgary, AB<\/span>, with operations in\u00a0Olds, AB, and Rocky View County, AB.\u202f\u00a0<\/p>\n

\n Forward-Looking Information Cautionary Statement<\/b>
\n \u202f<\/b>\u00a0
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”), including, but not limited to, statements regarding the Company’s listing transfer to the Nasdaq Capital Market, the Company obtaining an additional compliance period, the trading price of the Company’s common shares, and the Company’s intention to use available options to regain compliance with the minimum bid price requirement, including a reverse stock split.\u00a0In particular, any\u00a0failure or delay in obtaining compliance with Nasdaq’s minimum bid price requirement by the end of the applicable compliance period could result in the delisting of the Company’s common shares from the Nasdaq Capital Market.\u00a0 In such a case, you could be limited in the ways you can trade in the Company’s common shares.\u00a0 Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”,\u00a0“likely”, “outlook”, “forecast”,\u00a0“may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are\u202fmade, and\u202fare subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Please see the risk factors identified in the Company’s filings with the U.S. Securities and Exchange Commission, including those identified in the\u00a0Company’s Annual Report on Form 20-F, for\u00a0a discussion of the material risks that could cause actual results to differ materially from the forward-looking information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether\u00a0as a result of\u00a0new information, future events or otherwise, except as expressly required by applicable law.\u202f\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/sundial-receives-approval-for-nasdaq-listing-transfer-to-allow-for-additional-180-day-compliance-period-301191182.html<\/a><\/p>\n

SOURCE Sundial Growers Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire CALGARY, AB, Dec. 11, 2020 \/PRNewswire\/ –\u00a0Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) today announced that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market. The Company had sought the transfer to take advantage of the additional 180 calendar day compliance period offered on the Nasdaq Capital Market, which will extend the period that the Company has to regain compliance with Nasdaq’s minimum bid price requirement. The transfer is expected to become effective on December 15, 2020. As previously reported, the Company was notified by Nasdaq on May 12, 2020 that the bid price for its common shares was not in compliance with the Nasdaq minimum bid price … <\/p>\n

Continue reading “Sundial Receives Approval for Nasdaq Listing Transfer to Allow for Additional 180-Day Compliance Period”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398172","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSundial Receives Approval for Nasdaq Listing Transfer to Allow for Additional 180-Day Compliance Period - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sundial-receives-approval-for-nasdaq-listing-transfer-to-allow-for-additional-180-day-compliance-period\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sundial Receives Approval for Nasdaq Listing Transfer to Allow for Additional 180-Day Compliance Period - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CALGARY, AB, Dec. 11, 2020 \/PRNewswire\/ –\u00a0Sundial Growers Inc. 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